BETTING KENYA Betway returns to Kenya after a 20% tax 5 years ago Iwo Bulski Post Views: 1,187 The Kenyan regulator has decided to reinstate Betway’s operator licence after the bookmaker had agreed to introduce a controversial 20% tax on sports betting winnings. Kenya’s Betting Control and Licensing Board (BCLB) announced the tax this week, and has since reinstated Betway’s licence after a month-long absence from then Kenyan market. Previously, the 20% tax was only applicable to the winnings for a sports bet, but under the BCLB’s new proposals, the tax will now apply to the stake placed. This controversial decision has led to legal battles and the revoking of the operating license for Betway and 26 other operators. The announcement that Betway would be allowed to operate in Kenya was announced on the bookmaker’s Twitter account. The operator has since specified that the tax would be implemented to ensure “full compliance” for current taxation rules and laws as confirmed in a separate statement. The BCLB had previously suspended the licences of 27 bookmakers, with the regulatory body detailing that it would not stop its strong-arm tactics until the Kenya Revenue Authority (KRA) had managed to recover billions in ‘contested’ industry taxes. In addition to this, the regulator had reached out to three of Kenya’s biggest mobile payment providers and requested that they stop processing payments for the 27 bookmakers. Sports betting operators have previously come under fire in Kenya amid claims of high gambling addiction rates in the African country. Source: sbcnews.co.uk About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: Betway, Kenya, taxes Continue Reading Previous Gaming bans in Uganda and KenyaNext Kenya – Highway to Hell or On-Ramp to Digital Finance? More Stories EXPERTS KENYA Child Online Protection 11 hours ago Samuel BETTING UGANDA 1000 Ugandan students drop out annually due to sports betting 1 day ago Szarlot BETTING NIGERIA Three more ambassadors join King Kanu at Sportsbet.io 1 day ago Szarlot BETTING HOT NEWS UGANDA Dear retiree, to pay university fees is to bet on sports 4 days ago Samuel EXPERTS KENYA How SiGMA’s Expansion into Kenya is Reshaping the African Gambling Landscape 4 days ago Szarlot BETTING NIGERIA How Nigerian Sport Promotes Responsible Gambling 4 days ago Szarlot BETTING NIGERIA Charting Nigeria’s online gambling growth amid regulatory battles 4 days ago Samuel BETTING ZAMBIA Formula 1 drives sports betting for African players. 7 days ago Szarlot BETTING SOUTH AFRICA Golden Matrix completes acquisition of MeridanBet Group 7 days ago Iwo Bulski BETTING SOUTH AFRICA South African Gambling Regulation: A Closer Look 1 week ago Samuel BETTING SOUTH AFRICA Hacksaw Gaming enters South African market with Supabets 1 week ago Samuel BETTING UGANDA Mr. Eazi Expands Further Into The Betting Industry with CHOPLIFE.Ci. 1 week ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.